Well here we go again, hospital systems don’t have much money and as a country with both federal and state lawmakers, they haven’t come to terms with this yet and can’t figure it out. Well the CEO at the top of the helm at this organization in Florida figured it out and is leaving to work with Blue Cross/Blue Shield to see if they can manage with their business model and see if we can find blood in those turnips out there. Sorry to be so blunt but when you read this stuff every day, it is what it is.

Granted there are a few exceptions in here but the Health Care District doesn’t seem to be one of them. I wonder at times if all hospitals should take on the Cleveland Clinic model of research and development and then spinning off a company for some money, it seems to work well there and similar models at other systems. Perhaps one day all hospitals will be fostering spin offs? That’s just some of of my idle talk and observations here but gee what else is working out there by comparison???

Before working at the Healthcare district, Mr Chenette ’s background was insurance. Palm Beach is also noted as a pretty affluent area in Florida too. BD

WEST PALM BEACH — WEST PALM BEACH – The longtime CEO of the Health Care District of Palm Beach County, Dwight D. Chenette, says he will leave in May after a decade at the helm of the special taxing district and its HMO.

Chenette is resigning to become vice president of Blue Cross and Blue Shield of Florida's nascent Medicaid insurance line. The state's largest insurer has until now avoided that market. But with the likely expansion of state Medicaid managed care, and the passage of federal health reform, it's an area the non-profit insurer is exploring, a company spokesman said.

The district is facing uncertain times, as health reform has the potential to duplicate its coverage for lower income people. The health law faces multiple challenges in court and Congress, though, and Chenette advised against shutting health care district coverage down prematurely.

Dark Arts of Mathemical Deception

Professor Charlie Siefe of NYU, a mathematician debunks clinical trials, and few other items to where data is spun and fools you, every day example, hear about the perfect butt algorithm and more. These are probably some things you have never thought about but again after listening to what he has to say, it’s time to think about being skeptical. Here’s a radio show that also talks about the same topics.

This video digs in a bit further with how fictitious business models are used by banks and companies do this too. The models are so complex that CEOs don’t even understand them. “Quants, The Alchemists of Wall Street will take you through how “math models” work at banks and financial institutions in a way that even the layman can understand. More videos like over at theAlgo Duping/Killer Algorithm Page. Bank of America will also tell you“IT’ is a business” how they make money.

Weapons of Math Destruction

This is a lecture where Kathy O’Neill, a former Quant who worked for a Hedge Fund (Weapons of Math Destruction) on Wall Street will tell you what is done with your retirement money and more. The banks and companies use technology to take advantage because they can. “Of course we are going to take advantage because our tools are our brains…if they could figure out a way to take advantage of pension funds they would, a good interview with explaining smart money and dumb money.

Algorithms Shape The World

This is a very good presentation done a TED Conference and really was the one that got everyone started thinking about algorithms and today it’s talked about a lot. As he says “if you’re an algorithm, life is looking pretty good, but can’t say the same for humans”. What is a black box? Nobody has any control over the flash crash. We have moved forward a bit but still we are writing the unreadable and lost the sense of some of what is happening. Nice plug for Nanex here with research.